XML 25 R19.htm IDEA: XBRL DOCUMENT v3.23.3
Subsequent Events
 6 Months Ended
Jun. 30, 2023
Subsequent Events  
Subsequent Events
12.
 
Subsequent Events
a)
 
Property
 
Acquisition:
 
On
 
July
 
6,
 
2023,
 
DSS
 
acquired
 
from
 
Alpha
 
Sigma
 
Shipping
 
Corp,
 
a
related party with which they jointly
 
owned a plot of land, the
 
share owned by the related party
 
for
€
1.1
 
million, or $
1,208
 
and DSS became the sole owner of the land (Note 4).
b)
 
Common
 
Stock
 
Dividends
:
 
On
 
July
 
10,
 
2023,
 
the
 
Company
 
paid
 
$
12,424
 
in
 
cash
 
to
 
its
shareholders
 
who
 
elected
 
to
 
receive
 
cash
 
and
 
issued
965,044
 
new
 
common
 
shares
 
and
distributed
 
to
 
its
 
shareholders
 
who
 
elected
 
to
 
receive
 
shares,
 
as
 
payment
 
for
 
the
 
dividend
declared
 
on
 
May
 
26,
 
2023
 
(Note
 
8(f).
 
On
 
August
 
1,
 
2023, the
 
Company
 
declared
 
a
 
dividend
 
of
$
0.15
 
per share
 
payable in cash
 
and shares to
 
all shareholders of
 
record as
 
of August 14,
 
2023.
O
n
 
September
 
8,
 
2023,
 
the
 
Company
 
paid
 
$
13,041
 
in
 
cash
 
to
 
its
 
shareholders
 
who
 
elected
 
to
receive
 
cash
 
and
 
distributed
831,672
 
newly
 
issued
 
common
 
shares
 
to
 
its
 
shareholders
 
who
elected to receive shares, as payment for the dividend declared.
c)
 
Series B
 
Preferred Stock Dividends:
On July 17,
 
2023, the Company
 
paid a
 
quarterly dividend
on its series B preferred stock,
 
amounting to $
0.5546875
 
per share, or $
1,442
, to its stockholders
of record as of July 14, 2023.
d)
 
Loan
 
Refinancing:
On
 
July
 
19,
 
2023,
 
the
 
Company
 
entered
 
into
 
a
 
refinancing
 
agreement
 
with
Export-Import Bank of China for the purpose of replacing
 
LIBOR with term SOFR.